FastEddieB
Member
Maybe it was just more politically correct than “Hates Elon Musk”.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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FastEddieB
Member
For perspective, “According to Kelley Blue Book and the Bureau Of Labor Statistics, the average new car price at the beginning of 2023 is $49,388”.
What I find most interesting about this is the final reason "Don't want to be first" - meaning they're still seen as nascent to many
And "Does nit align with values" - what values are those? Destroying the planet and shortening everyone's healthspan?
Anyone who thinks cars are an investment (other than some antiques that are almost never driven) needs some summer classes before they can graduate.
Artful Dodger
"Neko no me"
I bought a 386SX/16 from Gateway 2000 in May of 1990. Got MS-DOS 3.3 on it. Still p*ss*d. Wan my $$ back. /s
Well, he never said who's hair. Of course we all hope that it's those who deserve it.
FSDtester#1
"Circle Jerk Old Guard" per cyborgLIS
insaneoctane
Well-Known Member
Fair point, but what are your alternatives? As the world moves more and more to EVs, I believe that ICEV will take an additional resale value hit because they aren't EVs...So I'm not sure how you beat this trend of Tesla scaling and the price reductions that naturally occur as a result. Buy a Kia? MachE? MB EQS? Don't see how that helps...ICEV? No way. Maybe the only solution is to buy the Hummer EV, since the volumes are so low that demand will still remain pent up....Brilliant Mary!
Exactly. If I were to buy a car today, without regards to environmental concerns, I'd rather get a well-used ICE, drive it for 2-3 years, and then buy a Tesla. During this time, I bet a new Tesla would be going down in value more than my used ICE would. Or if I really wanted an EV now, I'd get a used Tesla.
This is about the worst time to buy a new car. Teslas are still expensive, other EVs are crappy or unavailable, and ICE cars are on the way out.
Frankly, in this very case, you might actually get your money back and more. Retro computing is a thing now and this is a specimen.
Artful Dodger
"Neko no me"
The business has other tailwinds in 2023 as well:
- Tesla plans to recognise $1B in deferred revenue from FSD (w. the wide release of v.11 "Single Stack" at the end of March, I expect at least $250M of that in Q1)
- Tesla has $22B in cash, that's likely earning net interest of about 0.5% for Q1 (2%/yr), so call that > $100M in interest income
- Tesla is now earning IRA production credits for its battery manufacturing:
- 50% of 2170 credits // Panasonic at Giga Nevada (0.5*9million*$45=$200M)
- 100% of 4680 credits // Giga Texas (Q2 est'd ~$40M & inc ea. Qtr)
- that's ~$400M in Q1 in extra revenue (equivalent to +$1,000 for each car delivered)
- economies of scale due to increased factory utilization are another cost saving, and decreased raw materials costs will also improve veh. gross margins over time
- @The Accountant first brought up the issue of Tesla's "Deferred Tax Credits / Valuation allowance here years ago: (I think Tesla began claiming some in 2022Q4... this may continue in Q1. Paging @mongo)
TL;dr Tesla isn't your father's Oldsmobile...
Cheers!
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insaneoctane
Well-Known Member
I find myself realizing that there is a BIG gap between what my 2018 TM3 is "worth" in the market and what it's worth to me. It now has 80K miles on it. Paint and interior are immaculate (I do pride myself of taking excellent care of my vehicles). Looks and feels brand new IMO. I just put a new set of Michelins on it, so it might as well be new to me. How much would I pay for a fancy new one with an octovalve? Maybe $100. I've already got the latest firmware and beta FSD rockin'... So, just like my TSLA, I will HODL my 2018 TM3.
What would they be recognizing revenue for?
All of those people already had the FSD Beta, and I don't think any new functionality was added in V11. So, I wouldn't expect any additional revenue to be recognized from the V11 release in Q1.
Puma2020
Member
I agree. Hoping that the Y will last at least 10+ years. Currently on year 3. My record is 15.5 years before I could let that car go.
However, it is interesting that Tesla has basically locked us in. The ecosystem is better than other brands. Plus if you got FSD (Beta) (which I did before it got too expensive), I couldn't justify the cost of it now and don't want to live without it. Although the new car price is similar to what I paid, the $15K FSD package is just too high to even consider it. I've driven back and forth across this country with FSD and it was quite relaxing... most of the time. When something did show up (like the minor phantom braking on the rolling hills in ND), it did allow me to have a "discussion" with the car about what it was doing. It does help keep the driver more alert!
I’m thinking he has something in store sometime soon. He wasn’t joking around about the burnt shorts the first time and he replied to that tweet. He says they are working on burnt hair and it has to be just right. I’m actually thinking the timing has to be just right of when they release the product. I think the release will coincide or just be right before shorts get burnt again. Just like what happened last time.
Ah, but did you get the Math Chip? Helps with resale.
Our postman thought those boxes were cool.Moooooo
Elon Musk Buys Thousands of GPUs for Twitter's Generative AI Project
Twitter is reportedly building a ChatGPT rival.
Dang, I was hoping Tesla would do this LLM development instead of Twitter. Anyways, I do think Twitter will be the first external customer for dojo. And likewise these LLM models would definitely feedback into Optimus.
Just hope they'll be state of art by then.
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